The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-18
CONDITION OF THE MARKETS
Fhe Chicago Spectators Engage in an
Exciting Contest Over Wheat,
The Results Being Somewhat Mixed-Wheat
Advances While Corn and Pork Bring Lower
Prices than Those Current on Wednesday.


Sew York Shows Great Strength at the Open
ing. but weakens During the Day.
NEW YORK, Nov 17.-Money call was
easy at 8 to per cent, the last loan being made
At per cent, closing offered at per cent.
Prime mercantile paper. 608 per cent.
Sterling exchange was quiet but firm at
a. 50 for sixty day bills and $4. s51 for demand
The total sales of stocks to-day were Ala. 500
shares. including the following: Canada South
ern, $50; Delaware. Lackawanna e. Western,
20 615; Erie, "A. $50: Lake Shore, II. $50; Louis
vile & Nashville. a. $685. Missouri Pacific, 1880
Northwestern Il, 10; New Jersey Central. z, 700;
Northern Pacific preferred. $500; Oregon &
Transcontinental. 7,160; Pacific Mail, 1910;
Reading, $3.50; St Paul. 1896 Texas Pacific,
4.635; Unicn Pacific, 6,7O5; Western Union, A.
1885, Wheeling & Lake Erie. Ia, 035.
The stock market was again strong this morn
ing. but yielded later in the day. and the early
advances wers completely wiped out. There
was disposition TO sell the part of the for
eigners at the opening. but the list received
good support from the bulls. and buying from
domestic sources turned the tide once more. and
higher prices than had been before attained
were reached. There was no news of Importance
TO affect values. though there were reports of
rate-euttine in the Northwest during the morn
ing hours, while later in the day advices of
entirely different nature were received. ST.
Paul was the pivotal stock and was very strong
Wnen the Reneral ISt was ADVANCING,
and was remarkably well held against
the decline. Chicago, Burlington
Quincy and Wheeling & Lake Erie were
also prominent in the rise, the expiration of sew
eral sellers sixty options helping the former to
make the largest advance of the day. The real
ization of profits assumed greater proportions in
the afternoon. and. the demand falling of. the
tire market declined. Reading ana Hooking Coal
being the weakest on the list The opening was
heavy TO weak, generally at from to per cent
below the closing figures of Yesterday, but Mis-
souri, Pacific exception, with an advance
of :. Business was extremely active. and, I'M
tire list moved up after slight further decline
There was little advance after the first
hour, though the best figures were remarkably
well held until nearly P. M, when the entire
market, with the exception of few stocks.
moved off slowly, with Hooking Coal in the
lead. There little improvements in
the last hour, but it was again lost before the
close, which was heavy to weak at close to the
opening figures. Almost everything is lower
tonight. the advances bein: very few, though
the declines for fractions only, except for
while Chicago, Burlington & Quincy rose 2 per
per cent
Railroad bonds fairly active, and fol-
lowed the course of the share market
closely; sales, 81, 231, 900. Of which Atlantic &
Pacific incomes contribute S155. 900, and Erie
seconds So, 900. Final prices show irregular
changes. Denver & South Park firsts rose 2, to
70 and Mobile & Ohio second de5entures g to
IS: Evansville & Terre Haute consols lost 3, to
III, and Shenandoah Valley trust receipts, 2, to
954
Government bonds were dull and steady.
State bonds were dull, and without features.